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Ultra High Molecular Weight Polyethylene Market Revenue and Value Chain Analysis by 2022

Superior properties such as high impact strength, low friction coefficient, high flexibility and low reactivity to chemicals & additives makes it favorable for several applications across various industries. Surge in demand for joint replacement surgeries and PPE market is also expected to drive the global industry.

 The Global Ultra High Molecular Weight Polyethylene (UHMWPE) Market is expected to reach USD 2.60 billion by 2022, according to a new study by Grand View Research, Inc.
Government initiatives to provide superior personal protective equipment and anti-ballistic protection to military and law enforcement are expected to develop the global market. High price compared to other polymers is expected to remain a key challenge for its penetration.

 Medical & prosthetics was the major application and accounted for over 28% of total UHMWPE market volume in 2014. Increasing geriatric population base in the U.S., Japan, most parts of Europe has increased joint replacement surgeries in these regions. Development of novel applications is expected to increase scope for the industry participants. Medical & prosthetics is also expected to witness highest gains over the forecast period.

 North America was the leading regional market with demand share estimated at over 40% in 2014. Presence of sophisticated healthcare infrastructure coupled with growing geriatric population base particularly in the U.S. is expected to drive the regional market.

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 Asia Pacific is expected to witness significant gains in the market size over the forecast period. The region is expected to grow at an estimated CAGR of 11.7% from 20145 to 2022. Increasing healthcare spending and growth of major end-use industries in China and India is expected to drive the regional market.

 Top Players of Ultra High Molecular Weight Polyethylene (UHMWPE) Market:

 Celanese Corporation, LyondellBasell and Braskem are the leading companies operating in the global market. Other companies operating in the market include Quadrant, Crown Plastics Co. Inc, Asahi Kasei Chemicals Corporation, A&C Plastics Inc and Mitsui Chemicals Inc.

 Market Segmentation of Ultra High Molecular Weight Polyethylene (UHMWPE) Market:

 The Global Ultra High Molecular Weight Polyethylene (UHMWPE) Market segmented on the basis of Application and Region.

 By Application:

 Medical grade & prosthetics
Filtration
Batteries
Fibers
Additives
Membranes

 By Region:

 North America
Europe
Asia Pacific
Middle East & Africa
Central & South America

 Inquire about Ultra High Molecular Weight Polyethylene Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2453/ibb 
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